Because of the high cost of tests of details of balances, auditors do not perform this type of testing unless fraud is suspected.
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Q40: Substantive tests are procedures designed to test
Q41: In a computerized environment, the auditor can
Q42: Analytical procedures are the least costly type
Q43: The cost of each type of evidence
Q44: Only tests of details of balances involve
Q46: If no material differences are found using
Q47: There are three stages of the audit
Q48: When auditors must decide which type of
Q49: When an auditor believes that analytical procedures
Q50: In order to promote audit efficiency, the
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